BearingPoint Trustee Allowed To Move $1.9B Suit To Va.

Law360, New York (July 12, 2011, 10:23 PM EDT) -- The New York bankruptcy judge overseeing the Chapter 11 proceedings for BearingPoint Inc. said on Monday that the technology consulting firm's liquidating trustee can bring a $1.9 billion suit against BearingPoint's former CEO and eight directors in Virginia state court.

Trustee John DeGroote is accusing the former BearingPoint executives of hindering the sale of the company and costing it more than $1 billion. DeGroote asked the bankruptcy court in November to give up exclusive jurisdiction in the case so that he can proceed with a suit...
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